Core Viewpoint - The Chinese government emphasizes the importance of the "Three Guarantees" (basic livelihood, salary payments, and institutional operations) in ensuring social stability and economic recovery amid the COVID-19 pandemic, with a focus on strengthening local fiscal responsibilities and support mechanisms [1][4][5] Group 1: Fiscal Responsibility and Mechanisms - The Ministry of Finance has established a basic financial guarantee mechanism for county-level governments to ensure the "Three Guarantees" are met, with a collaborative effort from various government levels [1] - The principle of fiscal responsibility is that county-level governments take the lead, supported by provincial governments, while the central government provides active support through transfer payments [1][4] Group 2: Implementation and Prioritization - County-level governments are urged to prioritize "Three Guarantees" in their budgets, ensuring that basic livelihood, salary payments, and institutional operations are funded first [4] - Provincial governments are responsible for balancing fiscal resources below their level and should provide additional support to economically disadvantaged areas [4][5] Group 3: Central Government Support - The central government aims to provide necessary support to local governments significantly impacted by the pandemic, particularly through increased transfer payments to those in financial distress [5] - All departments and units are expected to manage their funds effectively to ensure salaries and operational costs are covered, especially in response to unexpected expenditures [5]